Fox Tungsten Ltd. · TSXV:FOXT
Fox Tungsten — Investor Presentation (February 2026)
20 slides from Fox Tungsten's investor presentation, February 2026
Slide 1: Fox Tungsten Investor Presentation
Fox Tungsten Investor Presentation February 2026
Slide 2: Forward Looking Statement
Forward Looking Statement Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this presentation. This presentation may contain statements and projections suc
Slide 3: Fox Tungsten Investment Highlights
Fox Tungsten Investment Highlights 1 2 3 4 5 High-Grade Exploration Prime Location & Critical Metals Tungsten Price Resource Potential Infrastructure Tungsten is essential for defense and One of the District-scale project Close to roads and industry, highest-grade has multiple power in a Tungsten pr
Slide 4: Fox Tungsten Project
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Slide 5: Fox Tungsten Project Overview
Fox Tungsten Project Overview • District-scale, high-grade tungsten project in central British Columbia with proximity to roads and power • Skarn deposit very similar in geology, grade and style to the Cantung and Mactung deposits in NWT – but in a much easier location • Resource open for expansion
Slide 6: Gaps Between Resource Zones are Untested
Gaps Between Resource Zones are Untested Drilling Has Focused On Low-Lying Areas Near Mineralized Outcrop Fox Project Long Section Looking West South North UNTESTED UNTESTED 2018 Resource Area 6
Slide 7: Deposits Are Open Down Dip
Deposits Are Open Down Dip Potential for Extensions Under Deception Mountain RC Zone Cross Section BN Zone Cross Section Looking North Looking North Deception Mountain Open Down Dip Open Down Dip 2018 Resource Area 7
Slide 8: 2025 Drilling Extended Mineralization at RC & BN Zones
2025 Drilling Extended Mineralization at RC & BN Zones Intercepted 1.2 m of 6.8% WO3 at the RC Zone and Multiple Lenses at the BN Zone From To Interval WO3 From To Interval WO3 Hole ID Hole ID (m) (m) (m) % (m) (m) (m) % F25-01 47.00 48.00 1.00 2.22 F25-12 31.08 32.00 0.92 0.26 F25-02 33.00 34.00 1.
Slide 9: About Tungsten
About Tungsten 9
Slide 10: Uses of Tungsten
Uses of Tungsten Uniquely Hard and Dense Metal With Industrial and Military Uses Industrial and Tungsten carbide, a compound of tungsten and carbon, Manufacturing is widely used for cutting tools, drilling equipment, mining machinery, and wear-resistant parts due to its extreme hardness and heat res
Slide 11: China Produces 80% of Global Tungsten
China Produces 80% of Global Tungsten There Are No Operating Tungsten Mines in North America 2025 Tungsten Production by Country Tonnes China 67,000 Vietnam 3,000 Kazakhstan 2400 Russia 2,000 North Korea 2,000 Bolivia 1,700 Rwanda 1,300 Australia 1,000 Austria 840 Spain 800 Portugal 700 USA 0 No Ope
Slide 12: Tungsten Prices Have Increased 5x Since the Start of 2025
Tungsten Prices Have Increased 5x Since the Start of 2025 Growing Tensions With China Have Destabilized the Tungsten Market Tungsten Price APT, USD per MTU1 $2,000 $1,775 $1,800 $1,600 $1,400 $1,200 +$1,445 $1,000 Since Jan 1, 2025 $800 $600 $400 $200 $330 $0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Slide 13: Regional Projects
Regional Projects 13
Slide 14: Strategic Land Package in the Cariboo Region
Strategic Land Package in the Cariboo Region 100% - Owned Projects with Tungsten, Copper, Molybdenum, Gold, and Silver Targets • Large contiguous land position with over 370 km2 of mineral claims • All projects are permitted for drilling • Fox Tungsten Project – One of highest-grade tungsten project
Slide 15: Silverboss Project
Silverboss Project Copper, Molybdenum, Gold, Silver Targets • Drill-ready project surrounding Glencore’s closed Boss Mountain molybdenum mine site • Boss Mountain produced ~15,000 tonnes of molybdenum from 1963 to 1983 • Numerous targets with only 5 historic holes • Silverboss Shaft, Dogtooth and Ho
Slide 16: Hen – ART – DL Project
Hen – ART – DL Project High Grade Precious Metals Targets 2 • Approximately 68 km licence area, fully permitted for drilling under the Company’s five year MYAB permit • The DL prospect is centred on an adit which dates back to the 1880's and rock samples have returned up to 42.9 g/t gold, 34.7 g/t s
Slide 17: Highland Valley Project Sold to Metal Energy
Highland Valley Project Sold to Metal Energy • Fox Tungsten sold the Highland Valley project to Metal Energy (TSX.V MERG) in October 2024 to focus on the high-grade Fox Tungsten project Teck - Highland • On closing Fox Tungsten received: Valley • $300k cash Copper • 2.3M shares in Metal Energy1 • Fo
Slide 18: Fox Tungsten Corporate Overview
Fox Tungsten Corporate Overview Capital Structure Share Price (February 18, 2026) C$/sh $0.14 Basic Shares Outstanding M 213.1 Basic Market Capitalization C$M $29.8 Warrants (avg. exercise price $0.069) M 35.6 Options (avg. exercise price $0.07) M 10.5 Fully Diluted Shares M 259.2 Management and Boa
Slide 19: Fox Tungsten Mineral Resources
Fox Tungsten Mineral Resources 19
Slide 20: info@foxtungsten.com www.foxtungsten.com
416-898-7247 info@foxtungsten.com www.foxtungsten.com